Roku (NASDAQ:ROKU) Shares Up 0.2%

Shares of Roku, Inc. (NASDAQ:ROKU) traded up 0.2% on Friday . The stock traded as high as $61.60 and last traded at $61.37. 596,129 shares traded hands during trading, a decline of 89% from the average session volume of 5,526,890 shares. The stock had previously closed at $61.25.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of recent analyst reports. Pivotal Research decreased their target price on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $89.00 target price on shares of Roku in a research report on Friday, April 26th. Morgan Stanley reduced their price target on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Wedbush lowered their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Piper Sandler reissued a “neutral” rating and set a $65.00 target price (down previously from $81.00) on shares of Roku in a report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.50.

Roku Stock Up 0.2 %

The company has a market cap of $8.85 billion, a price-to-earnings ratio of -15.36 and a beta of 1.69. The stock’s 50-day simple moving average is $61.55 and its 200 day simple moving average is $78.11.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.38) EPS. On average, sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Activity

In related news, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the transaction, the insider now directly owns 8,474 shares in the company, valued at approximately $550,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $511,680. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 4,182 shares of Roku stock in a transaction on Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the transaction, the insider now owns 8,474 shares of the company’s stock, valued at $550,810. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,751 shares of company stock valued at $1,909,835. 13.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently bought and sold shares of ROKU. Vanguard Group Inc. increased its stake in shares of Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after buying an additional 92,658 shares during the period. FMR LLC grew its holdings in Roku by 85.9% during the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after acquiring an additional 4,363,754 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Roku by 24.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after purchasing an additional 1,457,925 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Roku by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Roku by 34.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after purchasing an additional 653,940 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.